Woodhaven National Bank -Personal Banking Products

1. Deposit Products:

Free Checking>>

EZ Checking>>

Regular Checking Account >>

Personal Checking Account >>

Gold Plus Checking >>

Personal Savings Account >>

Personal Money Market Account >>

Minimum balance to open the account: You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees: A monthly maintenance fee of $15.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, debit card ATM (to third parties only), or similar order to third parties.

Fees: An excessive debit fee of $10.00 will be charged for each debit in excess of six during a statement cycle.

Rate information: Your interest rate and annual percentage yield may change.

Frequency of rate changes: We may change the interest rate on your account at any time.

Determination of rate: At our discretion we may change the interest rate on your account.

If your daily balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be equal to the Money Market account rate. If your daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be equal to the NOW Account rate.

Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every monthly statement cycle.

Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.

Accrual of interest on noncash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit on noncash items (for example, checks)

Clarke American Check Reorder >>

2. Loan Products:

Automobile >>

Home Improvement >>